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Chairman

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 August 2012 whether Chairman being interested in the agenda item is required to vacate his chair in case of annual general meeting
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CS Ankur Srivastava

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CS Ankur Srivastava (Expert)
09 August 2012 The Concept of interest director is applicable to Board Meeting only. In AGM shareholders are supposed to vote and not the Directors.

Section 300 specifically says that no director shall take part AS A DIRECTOR in any contract wheein he is interested.
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CA Sumiit B Nagpal

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CA Sumiit B Nagpal (Expert)
09 August 2012 Agree with the Expert.
No need to vacate
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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
09 August 2012 No Need to Vacate.
Since the Meeting for Shareholders and voting, so here chairmen interested case doesnt arise.

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